An increase of 25% for electricity and 25-30% for gas against September 2021 would lead to values to +50 – 60% against last year, states Claudiu Cazacu, consulting strategist with XTB, brokerage house listed with Warsaw Stock Exchange. In Europe, the quotations of the gas and electricity have registered record values, day in day out. Similarly, such an acceleration of the prices is unprecedented in history. The environment does not look at all like the previous one, and things change in a rapid rhythm. Every day the balance of the market may change, he says. ‘What is in store for the consumers of Romania? As there is no capping of prices, very painful growth of the cost of utilities, not good news in the conditions where inflation, announced as 6.29% surpasses the official estimates at the beginning of the year and could continue. Spain and other states together with Romania require a joint approach at European level as regards the purchase of natural gas and a mechanism of compensation – in the present situation capping interventions would be accepted by the European authorities only through waiver. Subscriptions and compensations already accepted (0.21 lei/kWh for energy and 25% of a key price of125 lei/MWh for natural gas) have an estimated impact of 1.3 billion lei, and can cover only partly the increase of the bills for this winter, if the basic prices for electricity and gas do not come back close to the levels of last year’ he adds. A medium scenario which takes into consideration a moderate slowdown following the surpassing of the present disparities, balancing of the offer/request ( a severe way of doing it would be through the reduction of consumption, of industrial activity or rationing) and increased offer from the producing states would induce bills higher by two figures during the winter months. The inflation data show, in September, growth of 24.65% for electricity and 20.55% for gas.
The Wrocław Baroque Ensemble, a resident ensemble of the National Forum of Music (Narodowe Forum Muzyki – NFM) in Poland, will present a series of concerts in Romania exploring rarely performed works from Polish composers. Since its establishment in 2012, the group has specialized in historically-informed performance of Polish Renaissance and Baroque music under the […]
Fewer and fewer Europeans strongly support democracy, according to a new poll by European Movement International and Savanta. Romania is among the countries with the lowest support for democracy, the same study showed. Published on Monday, July 28, the report highlights that people are disillusioned with democracy across Europe. Overall, only 36% are consistent supporters...
The Romanian delegation concluded its participation in the Balkan Senior Championships in Volos, Greece, with a total of 9 medals, out of which 4 gold, 3 silver, and 2 bronze. The gold medals were won by athletes Rareş Toader in shot put (20.74 meters), Alin Firfirică in discus throw (63.15 meters), Alina Rotaru-Kottmann in long […]
Romanian locomotive manufacturer Softronic Craiova has signed a contract with RS Lease Slovakia for the delivery of two Transmontana locomotives, which will be produced in the Craiova plant and delivered in the first half of 2026. The six-axle electric locomotives are designed for the demands of heavy freight transport, but are also adaptable to other […]
The Romanian heavy metal band Trooper returns to Sala Palatului on February 28, 2026, with the show “Regeneza,” a journey through its entire discography, along with special guest Blaze Bayley, Iron Maiden’s vocalist from 1994–1999. The concert is a transformation and a return to the spiritual roots of the band, according to lead singer Alin […]
Full Moon, the festival showcasing horror and fantasy films, will hold its tenth edition next month in Biertan, a village in Sibiu county known for its UNESCO-listed fortified church. The festival will present this year a program of 16 films, six of which are national premieres. The edition's headliner is Radu Jude's Dracula, an international […]
